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32,670 SF Development Site3103 125th Avenue SE | Bellevue, Washington
B E L L E V U E D E V E L O P M E N T S I T E
E X E C U T I V E S U M M A R Y
CBRE Inc. has been retained as exclusive advisor to present a 32,670 square-foot development site in Bellevue, Washington, one of the most coveted sub markets in King County. Located adjacent to Factoria and the intersection of I-90 and I-405, the Site offers unparalleled access to the major employment centers of downtown Bellevue, Seattle, Redmond and beyond. T-Mobile’s headquarters campus is less than a mile away. The Site is ideally positioned for redevelopment as an apartment or for-sale property. Based on preliminary zoning analysis, the Site will allow for a maximum of 22 townhouse-style units to be constructed. Notably, at this time there are no for-sale townhouses on the market within a one-mile radius.
The Site has a minor amount of slope mapped and no known wetlands, with water and sewer present in both frontages, as well as through an easement area to the north of the Site. In addition, there are sewer lines within the adjacent condo community, and the City of Bellevue has provided preliminary guidance that a connection could be made at any location. Currently, there is a single family home built in 1921 on the Site.
D E V E L O P M E N T O P P O R T U N I T Y I N B E L L E V U E
D E V E L O P M E N T H I G H L I G H T S
Site allows for 22 townhouse-style units
Zero for-sale townhouses currently on the market within a 1-mile radius
Transit oriented site: unparalleled access to I-90 and I-405, five-minute drive to the nearest Park & Ride
Located within the Bellevue School District
Close proximity to major employment centers of Bellevue, Seattle and Redmond
Under 400 condos and townhomes available for purchase in Seattle and less than a one-month supply of single family homes listed for sale
32,670 SF BELLEVUE
DEVELOPMENT SITE
S I T E S U M M A R Y
Address3103 125th Avenue SE Bellevue, WA 98005
Lot Size32,670 SF 0.75 acres
Price $3,500,000
Price per SF $107.13
Parcel Number 0924059173
Zoning R30
SetbacksFront Yard: 20 feetRear Yard: 25 feetSide Yard: 5 feet minimum
Allowed Density 22 townhomes
Maximum Building Height 40 feet
Parking Required 1.8 stalls per 3 bedroom unit, no guest parking required
Transition Area 300 feet from any single family zoning
Adjacent Zoning R30 and Office
DOWNTOWN SEATTLE
405
90DOWNTOWN
SEATTLE
32,670 SF
BELLEVUE DEVELOPMENT SITE
B E L L E V U E D E V E L O P M E N T S I T E
www.CBRE-BellevueDevSite.com
CB R E E XCLU S IVE AG E NTS
C APITAL MAR K E TS | M U LT I FAM I LY
MITCHELL BELCHERSenior Vice President+1 206 292 6003
STEVEN CHATTINSenior Vice President+1 206 442 2707
JAY TIMPANIFirst Vice President +1 206 292 6074
KYLE YAMAMOTODirector
+1 206 292 6064 [email protected]
TRACE TAM SINGAssociate
+1 206 292 6129 [email protected]
© 2019 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any pro-jections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos
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